Schroder Investment Management Group Acquires 1,809,615 Shares of Coterra Energy Inc. (NYSE:CTRA)

Schroder Investment Management Group lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,776,525 shares of the company's stock after buying an additional 1,809,615 shares during the period. Schroder Investment Management Group owned approximately 1.60% of Coterra Energy worth $300,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. City State Bank acquired a new stake in shares of Coterra Energy in the 4th quarter worth $26,000. AdvisorNet Financial Inc increased its position in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after purchasing an additional 744 shares during the period. MCF Advisors LLC raised its stake in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after buying an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd acquired a new position in Coterra Energy during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Insider Activity

In other news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. This represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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Coterra Energy Trading Down 5.1 %

Shares of CTRA stock traded down $1.49 on Thursday, reaching $27.50. 2,692,570 shares of the stock were exchanged, compared to its average volume of 6,086,459. The firm has a 50 day moving average of $27.90 and a two-hundred day moving average of $26.17. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock has a market cap of $21.01 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.22 per share. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.20%. The ex-dividend date was Thursday, March 13th. Coterra Energy's payout ratio is currently 58.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Williams Trading set a $37.00 price target on Coterra Energy in a report on Wednesday, March 5th. Raymond James decreased their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 12th. Truist Financial boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Barclays lifted their target price on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.35.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.